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Release Date:   October 18, 2012
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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks

October 18, 2012
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Oct 17, 2012
Week ended
Oct 17, 2012		 Change from week ended
Oct 10, 2012 Oct 19, 2011
Reserve Bank credit 2,819,975 + 22,588 - 17,790 2,829,332
    Securities held outright 1 2,595,219 + 19,526 - 45,863 2,604,134
        U.S. Treasury securities 1,650,125 - 7,264 - 15,837 1,659,084
            Bills 2 0 0 - 18,423 0
            Notes and bonds, nominal 2 1,566,976 - 8,567 - 2,095 1,575,696
            Notes and bonds, inflation-indexed 2 72,855 + 1,071 + 4,281 73,034
            Inflation compensation 3 10,294 + 231 + 399 10,354
        Federal agency debt securities 2 82,746 - 565 - 25,265 82,746
        Mortgage-backed securities 4 862,349 + 27,356 - 4,759 862,304
    Repurchase agreements 5 0 0 0 0
    Loans 1,496 - 61 - 9,764 1,475
        Primary credit 12 - 5 + 9 1
        Secondary credit 0 0 0 0
        Seasonal credit 61 - 25 + 19 52
        Term Asset-Backed Securities Loan Facility 6 1,423 - 31 - 9,792 1,421
        Other credit extensions 0 0 0 0
    Net portfolio holdings of Maiden Lane LLC 7 1,707 - 24 - 12,783 1,554
    Net portfolio holdings of Maiden Lane II LLC 8 61 0 - 9,795 61
    Net portfolio holdings of Maiden Lane III LLC 9 23 0 - 21,065 23
    Net portfolio holdings of TALF LLC 10 853 0 + 68 853
    Float -722 + 25 + 371 -702
    Central bank liquidity swaps 11 12,877 - 74 + 11,024 12,877
    Other Federal Reserve assets 12 208,461 + 3,196 + 70,016 209,057
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding 13 44,727 + 14 + 614 44,727
 
Total factors supplying reserve funds 2,880,943 + 22,602 - 17,176 2,890,300
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks		 Averages of daily figures Wednesday
Oct 17, 2012
Week ended
Oct 17, 2012		 Change from week ended
Oct 10, 2012 Oct 19, 2011
Currency in circulation 13 1,135,638 - 966 + 92,841 1,136,266
Reverse repurchase agreements 14 97,216 + 10,435 + 16,860 101,307
    Foreign official and international accounts 97,216 + 10,435 + 16,860 101,307
    Others 0 0 0 0
Treasury cash holdings 132 + 3 - 11 134
Deposits with F.R. Banks, other than reserve balances 94,838 - 2,401 - 7,957 79,300
    Term deposits held by depository institutions 0 - 3,040 - 5,077 0
    U.S. Treasury, General Account 58,473 - 7,372 + 15,070 68,600
    U.S. Treasury, Supplementary Financing Account 0 0 0 0
    Foreign official 5,571 + 9 + 5,441 5,561
    Service-related 0 0 - 2,513 0
        Required clearing balances 0 0 - 2,513 0
        Adjustments to compensate for float 0 0 0 0
    Other 30,794 + 8,003 - 20,878 5,139
Other liabilities and capital 15 70,024 + 2,002 - 1,996 67,044
 
Total factors, other than reserve balances,
    absorbing reserve funds		 1,397,848 + 9,072 + 99,737 1,384,051
 
Reserve balances with Federal Reserve Banks 1,483,095 + 13,530 - 116,913 1,506,249
Note: Components may not sum to totals because of rounding.


1. 
Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. 
Face value of the securities.
3. 
Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Cash value of agreements.
6. 
Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
7. 
Refer to table 4 and the note on consolidation accompanying table 9.
8. 
Refer to table 5 and the note on consolidation accompanying table 9.
9. 
Refer to table 6 and the note on consolidation accompanying table 9.
10. 
Refer to table 7 and the note on consolidation accompanying table 9.
11. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates, and the fair value adjustment to credit extended by the FRBNY to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
13. 
Estimated.
14. 
Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. 
Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.


1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Oct 17, 2012
Week ended
Oct 17, 2012		 Change from week ended
Oct 10, 2012 Oct 19, 2011
Marketable securities held in custody for foreign
    official and international accounts 1		 3,603,298 + 15,903 + 194,539 3,608,908
    U.S. Treasury securities 2,905,820 + 22,621 + 219,839 2,912,370
    Federal agency securities 2 697,479 - 6,717 - 25,299 696,537
Securities lent to dealers 6,463 - 1,046 - 4,844 4,955
    Overnight facility 3 6,463 - 1,046 - 4,844 4,955
        U.S. Treasury securities 5,946 - 1,090 - 4,103 4,448
        Federal agency debt securities 517 + 44 - 741 507
Note: Components may not sum to totals because of rounding.


1. 
Face value of the securities. Includes U.S. Treasury STRIPS and other zero-coupon bonds at face value and mortgage-backed securities at original face value.
2. 
Includes debt and mortgage-backed securities.
3. 
Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 17, 2012
Millions of dollars
Remaining maturity Within 15
days		 16 days to
90 days		 91 days to
1 year		 Over 1 year
to 5 years		 Over 5 years
to 10 years		 Over 10
years		 All
Loans 1 70 377 112 916 0 ... 1,475
U.S. Treasury securities 2  
    Holdings 1 484 17 446,394 823,918 388,270 1,659,084
    Weekly changes + 1 - 1 0 - 7,788 + 9,820 + 3,315 + 5,347
Federal agency debt securities 3  
    Holdings 844 6,684 15,053 53,408 4,410 2,347 82,746
    Weekly changes 0 + 1,565 - 1,078 - 487 0 0 0
Mortgage-backed securities 4  
    Holdings 0 0 4 2 1,464 860,835 862,304
    Weekly changes 0 0 0 0 + 1,158 + 26,142 + 27,299
Asset-backed securities held by
    TALF LLC 5		 0 0 0 0 0 0 0
Repurchase agreements 6 0 0 ... ... ... ... 0
Central bank liquidity swaps 7 3,560 9,317 0 0 0 0 12,877
   
Reverse repurchase agreements 6 101,307 0 ... ... ... ... 101,307
Term deposits 0 0 0 ... ... ... 0
Note: Components may not sum to totals because of rounding.

. . . Not applicable.


1. 
Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY's statement of condition consistent with consolidation under generally accepted accounting principles.
2. 
Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities.
3. 
Face value.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. 
Cash value of agreements.
7. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Oct 17, 2012
Mortgage-backed securities held outright 1 862,304
 
Commitments to buy mortgage-backed securities 2 83,466
Commitments to sell mortgage-backed securities 2 200
 
Cash and cash equivalents 3 0
1. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
2. 
Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.
3. 
This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC
Millions of dollars
Account name Wednesday
Oct 17, 2012
Net portfolio holdings of Maiden Lane LLC 1 1,554
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co. 3 133
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.


5. Information on Principal Accounts of Maiden Lane II LLC
Millions of dollars
Account name Wednesday
Oct 17, 2012
Net portfolio holdings of Maiden Lane II LLC 1 61
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc. 3 0
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.


6. Information on Principal Accounts of Maiden Lane III LLC
Millions of dollars
Account name Wednesday
Oct 17, 2012
Net portfolio holdings of Maiden Lane III LLC 1 23
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc. 3 0
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2012. Any assets purchased after this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.


7. Information on Principal Accounts of TALF LLC
Millions of dollars
Account name Wednesday
Oct 17, 2012
Asset-backed securities holdings 1 0
Other investments, net 853
Net portfolio holdings of TALF LLC 853
 
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York 2 0
Accrued interest payable to the Federal Reserve Bank of New York 2 0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable 3 112
1. 
Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2. 
Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York's statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. 
Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under the authority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extends loans with a term of up to five years to holders of eligible asset-backed securities. The TALF is intended to assist financial markets in accommodating the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities collateralized by a variety of consumer and business loans. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security.


TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Losses on asset-backed securities held by TALF LLC will be offset in the following order: by the commitment fees collected by TALF LLC, by the interest received on investments of TALF LLC, by up to $1.4 billion in subordinated debt funding provided by the U.S. Treasury, and finally, by senior debt funding provided by the FRBNY. Payments by TALF LLC from the proceeds of its net portfolio holdings will be made in the following order: operating expenses of TALF LLC, principal due to the FRBNY, principal due to the U.S. Treasury, interest due to the FRBNY, and interest due to the U.S. Treasury. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.


8. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Oct 17, 2012		 Change since
Wednesday
Oct 10, 2012		 Wednesday
Oct 19, 2011
Assets  
    Gold certificate account   11,037 0 0
    Special drawing rights certificate account   5,200 0 0
    Coin   2,172 - 2 - 111
    Securities, repurchase agreements, and loans   2,605,609 + 32,562 - 45,646
        Securities held outright 1   2,604,134 + 32,647 - 35,866
            U.S. Treasury securities   1,659,084 + 5,347 - 11,172
                Bills 2   0 0 - 18,423
                Notes and bonds, nominal 2   1,575,696 + 3,837 + 1,156
                Notes and bonds, inflation-indexed 2   73,034 + 1,250 + 5,438
                Inflation compensation 3   10,354 + 260 + 656
            Federal agency debt securities 2   82,746 0 - 24,922
            Mortgage-backed securities 4   862,304 + 27,299 + 229
        Repurchase agreements 5   0 0 0
        Loans   1,475 - 84 - 9,780
    Net portfolio holdings of Maiden Lane LLC 6   1,554 - 178 - 11,566
    Net portfolio holdings of Maiden Lane II LLC 7   61 0 - 9,797
    Net portfolio holdings of Maiden Lane III LLC 8   23 0 - 20,794
    Net portfolio holdings of TALF LLC 9   853 0 + 68
    Items in process of collection (117) 139 - 62 - 123
    Bank premises   2,347 + 2 + 164
    Central bank liquidity swaps 10   12,877 - 74 + 11,024
    Other assets 11   206,710 + 3,028 + 70,186
 
Total assets (117) 2,848,582 + 35,276 - 6,595
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations from
consolidation		 Wednesday
Oct 17, 2012		 Change since
Wednesday
Oct 10, 2012		 Wednesday
Oct 19, 2011
Liabilities  
    Federal Reserve notes, net of F.R. Bank holdings   1,093,841 - 947 + 92,688
    Reverse repurchase agreements 12   101,307 + 12,972 + 20,839
    Deposits (0) 1,585,549 + 23,874 - 115,947
        Term deposits held by depository institutions   0 - 3,040 - 5,077
        Other deposits held by depository institutions   1,506,249 + 36,454 - 65,437
        U.S. Treasury, General Account   68,600 + 15,148 + 208
        U.S. Treasury, Supplementary Financing Account   0 0 0
        Foreign official   5,561 0 + 5,423
        Other (0) 5,139 - 24,689 - 51,064
    Deferred availability cash items (117) 841 - 518 - 555
    Other liabilities and accrued dividends 13   12,305 - 108 - 6,319
 
Total liabilities (117) 2,793,843 + 35,273 - 9,293
 
Capital accounts  
    Capital paid in   27,369 + 1 + 1,349
    Surplus   27,369 + 1 + 1,349
    Other capital accounts   0 0 0
 
Total capital   54,738 + 3 + 2,698
Note: Components may not sum to totals because of rounding.


1. 
Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. 
Face value of the securities.
3. 
Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. 
Refer to table 4 and the note on consolidation accompanying table 9.
7. 
Refer to table 5 and the note on consolidation accompanying table 9.
8. 
Refer to table 6 and the note on consolidation accompanying table 9.
9. 
Refer to table 7 and the note on consolidation accompanying table 9.
10. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. 
Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. 
Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.


9. Statement of Condition of Each Federal Reserve Bank, October 17, 2012
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
Francisco
Assets  
    Gold certificate account 11,037 408 3,824 437 515 890 1,337 839 313 192 315 725 1,242
    Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574
    Coin 2,172 52 107 148 148 385 204 316 34 52 163 205 357
    Securities, repurchase agreements,
        and loans		 2,605,609 63,250 1,461,441 86,087 66,209 185,340 157,023 144,468 40,715 23,695 52,325 101,193 223,863
        Securities held outright 1 2,604,134 63,250 1,460,019 86,087 66,208 185,340 157,011 144,466 40,713 23,674 52,318 101,184 223,863
            U.S. Treasury securities 1,659,084 40,296 930,173 54,846 42,181 118,079 100,031 92,039 25,938 15,083 33,332 64,464 142,622
                Bills 2 0 0 0 0 0 0 0 0 0 0 0 0 0
                Notes and bonds 3 1,659,084 40,296 930,173 54,846 42,181 118,079 100,031 92,039 25,938 15,083 33,332 64,464 142,622
            Federal agency debt securities 2 82,746 2,010 46,392 2,735 2,104 5,889 4,989 4,590 1,294 752 1,662 3,215 7,113
            Mortgage-backed securities 4 862,304 20,944 483,455 28,506 21,924 61,371 51,991 47,837 13,481 7,839 17,324 33,505 74,128
        Repurchase agreements 5 0 0 0 0 0 0 0 0 0 0 0 0 0
        Loans 1,475 0 1,421 0 1 0 12 2 2 21 7 8 0
    Net portfolio holdings of Maiden
        Lane LLC 6		 1,554 0 1,554 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane II LLC 7		 61 0 61 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of Maiden
        Lane III LLC 8		 23 0 23 0 0 0 0 0 0 0 0 0 0
    Net portfolio holdings of TALF LLC 9 853 0 853 0 0 0 0 0 0 0 0 0 0
    Items in process of collection 256 2 0 55 24 6 123 8 4 4 2 6 24
    Bank premises 2,347 121 455 68 122 229 214 203 130 104 254 240 210
    Central bank liquidity swaps 10 12,877 451 4,154 1,117 952 2,664 736 344 105 53 128 206 1,967
    Other assets 11 206,710 5,331 109,309 8,239 6,525 18,384 12,413 10,709 3,077 1,801 3,909 7,516 19,496
    Interdistrict settlement account 0 + 2,467 - 63,016 - 14,874 + 3,334 - 31,271 + 33,390 - 3,765 + 2,100 + 2,780 - 2,502 + 1,436 + 69,922
 
Total assets 2,848,699 72,278 1,520,582 81,487 78,066 177,039 206,094 153,545 46,629 28,769 54,747 111,808 317,654
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, October 17, 2012 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City		 Dallas San
Francisco
Liabilities  
    Federal Reserve notes outstanding 1,316,110 46,527 461,160 47,849 61,064 102,069 177,423 94,521 37,405 22,503 36,213 88,547 140,829
        Less: Notes held by F.R. Banks 222,269 5,332 84,879 5,721 8,553 12,779 27,680 13,658 4,474 3,447 4,729 24,299 26,719
            Federal Reserve notes, net 1,093,841 41,195 376,281 42,128 52,511 89,290 149,743 80,863 32,931 19,056 31,484 64,248 114,110
    Reverse repurchase agreements 12 101,307 2,461 56,798 3,349 2,576 7,210 6,108 5,620 1,584 921 2,035 3,936 8,709
    Deposits 1,585,549 25,616 1,062,984 31,306 18,317 68,401 46,270 64,881 11,408 8,250 20,401 42,233 185,482
        Term deposits held by depository
            institutions		 0 0 0 0 0 0 0 0 0 0 0 0 0
        Other deposits held by depository
            institutions		 1,506,249 25,609 983,970 31,276 18,314 68,206 46,260 64,859 11,408 8,250 20,400 42,224 185,474
        U.S. Treasury, General Account 68,600 0 68,600 0 0 0 0 0 0 0 0 0 0
        U.S. Treasury, Supplementary
            Financing Account		 0 0 0 0 0 0 0 0 0 0 0 0 0
        Foreign official 5,561 1 5,534 3 3 8 2 1 0 0 0 1 6
        Other 5,139 6 4,880 27 0 187 8 21 0 0 1 8 1
    Deferred availability cash items 958 31 0 92 47 21 225 25 27 144 33 80 234
    Interest on Federal Reserve notes due
        to U.S. Treasury 13		 1,558 32 871 57 41 118 100 83 24 13 28 59 130
    Other liabilities and accrued
        dividends 14		 10,747 271 6,188 348 319 833 573 522 203 157 213 375 743
 
Total liabilities 2,793,960 69,605 1,503,122 77,281 73,812 165,874 203,020 151,994 46,177 28,540 54,196 110,932 309,407
 
Capital  
    Capital paid in 27,369 1,336 8,730 2,103 2,127 5,583 1,537 775 226 114 276 438 4,123
    Surplus 27,369 1,336 8,730 2,103 2,127 5,583 1,537 775 226 114 276 438 4,123
    Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
 
Total liabilities and capital 2,848,699 72,278 1,520,582 81,487 78,066 177,039 206,094 153,545 46,629 28,769 54,747 111,808 317,654
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.


9. Statement of Condition of Each Federal Reserve Bank, October 17, 2012 (continued)

1. 
Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. 
Face value of the securities.
3. 
Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. 
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Current face value of the securities, which is the remaining principal balance of the underlying mortgages.
5. 
Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
6. 
Refer to table 4 and the note on consolidation below.
7. 
Refer to table 5 and the note on consolidation below.
8. 
Refer to table 6 and the note on consolidation below.
9. 
Refer to table 7 and the note on consolidation below.
10. 
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
11. 
Includes other assets denominated in foreign currencies, which are revalued daily at market exchange rates and the fair value adjustment to credit extended by the Federal Reserve Bank of New York (FRBNY) to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
12. 
Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
13. 
Represents the estimated weekly remittances to U.S Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank's net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank's earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.
14. 
Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.


Note on consolidation:


The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.


The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).


10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Oct 17, 2012
Federal Reserve notes outstanding 1,316,110
    Less: Notes held by F.R. Banks not subject to collateralization 222,269
        Federal Reserve notes to be collateralized 1,093,841
Collateral held against Federal Reserve notes 1,093,841
    Gold certificate account 11,037
    Special drawing rights certificate account 5,200
    U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 1,077,604
    Other assets pledged 0
Memo:  
Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 2,604,134
    Less: Face value of securities under reverse repurchase agreements 86,860
        U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,517,275
Note: Components may not sum to totals because of rounding.


1. 
Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.
2. 
Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

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Last update: October 18, 2012